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	10. PRO FORMA COMBINED INCOME STATEMENT
	($ in millions)
		FY2026E
		Acquirer	Target	Adjustments	Pro Forma
	INCOME STATEMENT
	Revenue	$13,313	$5,616	$38	$18,966
	Cost of Goods Sold	($7,721)	($3,257)	$50	($10,929)
	Gross Profit	$5,591	$2,359	$88	$8,037
	Gross Margin (%)				$0
	SG&A Expenses	($1,997)	($786)	$75	($2,708)
	R&D Expenses	($666)	($393)	-	($1,059)
	Depreciation & Amortization	($559)	($270)	($178)	($1,006)
	Integration Costs	-	-	($140)	($140)
	Total Operating Expenses	($3,222)	($1,449)	($243)	($4,913)
	Operating Income (EBIT)	$2,370	$910	($155)	$3,124
	EBIT Margin (%)				$0
	Interest Expense - Existing	($165)	-	-	($165)
	Interest Expense - New Debt	-	-	($205)	($205)
	Financing Fee Amortization	-	-	($9)	($9)
	Forgone Interest on Cash	-	-	($64)	($64)
	Other Income / (Expense)	$30	$12	-	$42
	Pre-Tax Income (EBT)	$2,235	$922	($432)	$2,724
	Income Tax Expense	($559)	($230)	$108	($681)
	Net Income	$1,676	$691	($324)	$2,043
	Net Margin (%)				10.8%
	EBITDA	$2,929	$1,179	$23	$4,131
	EBITDA Margin (%)				21.8%
	Pro Forma Shares Outstanding (mm)				281.1
	Pro Forma EPS ($)				$7.27
	Note: Adjustments column includes synergies, new acquisition debt interest, intangible amortization, integration costs, and financing fee amortization.
	Tax impact calculated at combined statutory rate on all adjustments.